Zoom Property Buyer Limited (11779497): administration
- Status
- Administration ended
- Administration began
- 2025-03-31
- Administrators
- Kelly Mitchell, Richard Wragg
- Administrators' firm
- Quantuma
- Incorporated
- 2019-01-21
- Location
- Town Quay
- Industry
- 68100 Buying and selling of own real estate
From the administrators' statement
Andrew Hosking, Brian Burke, and Sean Bucknall of Quantuma Advisory Limited were appointed as Joint Administrators of Ablrate Assets Ltd and Aviation And Tech Capital Ltd on 15 January 2024. Ablrate Assets Ltd acts as security agent for Aviation And Tech Capital Ltd, which operated a peer-to-peer lending platform.
The Company was a borrower on that peer-to-peer platform. There was a liability outstanding, and no payments had been made for a significant period of time. The Company was in default and demand was made. When payment was not forthcoming Ablrate Assets Ltd, in its capacity as security trustee, appointed Administrators over the Company.
Prior to the appointment of Administrators, the Secured Creditor appointed Receivers over 6 of the Company’s 28 properties. As explained below, this was done to reduce the risk of any conflict arising in respect of related fees and costs.
Administrators' statement of proposals (2025-05-21) · Companies House register